This collaboration opens opportunities for secure and measurable data\nmonetisation while fostering the development of a cross-border data\ntrading ecosystem across ASEAN and China.<\/p>\n
Kuala Lumpur, Malaysia, (ANTARA\/PRNewswire) \u2013 Zetrix AI Berhad\n(\u2018Zetrix AI\u2019) and Shenzhen Data Exchange Co.\u00a0Ltd.\u00a0(\u2018SZDEX\u2019) have\nannounced plans to establish a cross-regional data trading platform for\nthe secure monetisation of data as a strategic asset in ASEAN. The\nplatform will also facilitate regulated data product movement between\nASEAN and China, marking a significant step towards building a more\nintegrated cross-border data trading ecosystem.<\/p>\n
With a population of nearly 700 million and the status of the world\u2019s\nfifth-largest economy, ASEAN possesses vast data reserves with\nsignificant economic potential. However, much of this potential remains\nunderutilised.<\/p>\n
In contrast, China\u2019s data transaction value is projected to reach\napproximately RMB 50 billion by 2025. Many companies using artificial\nintelligence (AI) to enhance business efficiency are among the most\nactive data buyers. Through this collaboration, Zetrix AI and SZDEX aim\nto position ASEAN as a leading global data trading hub.<\/p>\n
Both parties have signed a Memorandum of Understanding (MoU) to\ncollaborate on data resource development and utilisation, enhancing data\nsecurity and privacy protection, as well as strengthening cooperation in\npolicy, regulation, and technological innovation.<\/p>\n
Zetrix AI and SZDEX will develop a standardised, regulation-compliant\ndata circulation and utilisation platform for ASEAN. The platform will\nfeature data trading rules, quality control systems, and security\nmechanisms tailored to the region\u2019s characteristics, aiming to achieve\nefficient integration and orderly data resource circulation as a\nbenchmark for ASEAN\u2019s data element market development. Both parties will\nalso assess the feasibility and regulatory needs for establishing and\noperating a data exchange in ASEAN.<\/p>\n
The collaboration will aggregate high-quality data sources from ASEAN\nand China across sectors such as tourism, trade, finance, government,\nmanufacturing, and agriculture. The two parties will build an\ninterconnection system enabling bidirectional data movement between\nASEAN and China, including data compliance standards, ownership\nregistration, and transaction settlement mechanisms to ensure secure and\nefficient cross-border data flows.<\/p>\n
Zetrix AI and SZDEX agreed to deepen collaboration in building an\nincreasingly integrated cross-border data ecosystem between ASEAN and\nChina. This includes addressing strategic issues such as cross-border\ndata governance, regulatory compliance, innovative data transactions,\nand supporting technology development and application. As part of this\neffort, both parties will host joint activities like roadshows,\nseminars, and ASEAN-China data collaboration forums. They plan to\nestablish an industry collaboration platform bringing together\nbusinesses, regulators, and stakeholders across the cross-border data\nsupply chain. Beyond expanding collaboration networks, they will conduct\njoint research to develop new business models and mechanisms for\ncross-border data circulation. Both parties will also review data\ntrading regulations, data protection and security systems, and\noperational models applicable in China and ASEAN countries. Through\nthese steps, they aim to establish industry standards that support the\ngrowth of a secure, trustworthy, and sustainable cross-border data\ntrading ecosystem.<\/p>\n
Zetrix AI and SZDEX emphasised that data security and regulatory\ncompliance will be the foundation of all initiatives. Through this\npartnership, both parties seek to unlock the economic value of data\nassets in ASEAN and China while upholding privacy and data security.<\/p>\n
This collaboration also strengthens Zetrix AI\u2019s global standing\nfollowing its role as a founding member and inaugural board member of\nthe World Data Organization, as well as ASEAN\u2019s primary representative.\nThis participation further underscores Zetrix AI\u2019s role in advancing\nsecure, responsible, and efficient global data asset utilisation and\ntrade.<\/p>\n
In recent years, Zetrix AI has actively strengthened ASEAN-China\ntechnology collaboration through strategic initiatives, including\nestablishing the ASEAN-China AI Lab, developing the Layer-1 Zetrix\nblockchain platform as an international supernode for China\u2019s national\nblockchain network Xinghuo, launching the ZTrade customs processing\napplication with China\u2019s General Administration of Customs, and\nco-developing the blockchain-based Avatar trust protocol for AI agents\nwith the Chinese Academy of Information and Communications Technology.\nThese efforts reflect Zetrix AI\u2019s ongoing commitment to enhancing\nASEAN-China digital connectivity and driving economic growth.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/zetrix-ai-and-shenzhen-data-exchange-build-asean-china-cross-border-data-trading-platform-1780013636", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }